A record 242 U.S. Cities Have Entry-Level Homes priced at $1 million+

Million-Dollar Starter Homes Now Span Half the Country

Zillow says starter homes that cost $1 million or higher have spread to more than half of the country. They say the number of U.S. cities where a typical starter home is worth $1 million+ has nearly tripled since February 2020 – climbing from 80 to a record 242 cities across 26 states. California remains the leader in million-dollar starter homes, while New York and New Jersey have seen the fastest growth. The typical U.S. starter home is valued at $198,649 (up 1.7% from one year ago).